It is paramount that the bill of lading sets forth information that accurately describes the nature of the cargo being carried, the quantity of such cargo, its condition, the loading port, the date of shipment, the discharge port, the name of the vessel, the shippers or receivers, the increased value of cargo (if applicable), and any carriage terms regarding the shipment. Each piece of information in the bill of lading is vital because any inaccuracy or mis-description can have significant and potentially costly consequences. It can give rise to increased liabilities, and it may prejudice a Member’s P&I coverage.